Somewhat Positive Press Coverage Somewhat Unlikely to Affect Steel Partners (SPLP) Stock Price

Headlines about Steel Partners (NYSE:SPLP) have trended somewhat positive on Monday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Steel Partners earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the conglomerate an impact score of 46.1600506834659 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Separately, ValuEngine lowered shares of Steel Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th.

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Shares of NYSE SPLP traded up $0.10 during midday trading on Monday, hitting $18.00. The stock had a trading volume of 5,465 shares, compared to its average volume of 12,483. Steel Partners has a 52 week low of $17.50 and a 52 week high of $20.70. The company has a current ratio of 2.00, a quick ratio of 1.72 and a debt-to-equity ratio of 0.73.

Steel Partners (NYSE:SPLP) last issued its earnings results on Friday, March 9th. The conglomerate reported ($0.55) earnings per share (EPS) for the quarter. The firm had revenue of $335.28 million for the quarter.

In other news, President Jack L. Howard sold 5,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $20.37, for a total transaction of $120,183.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 51.60% of the company’s stock.

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About Steel Partners

Steel Partners Holdings L.P., through its subsidiaries, engages in industrial products, energy, defense, supply chain management, logistics, banking, and sports businesses worldwide. It operates through Diversified Industrial, Energy, and Financial Services segments. The company fabricates precious metals and alloys into brazing alloys; manufactures and sells seamless stainless steel tubing coils; manufactures and supplies fasteners, adhesives, and fastening systems for the commercial low slope roofing industry, as well as specialty fasteners for the building products industry; and manufactures sheet and mechanically formed glass, quartz, carbon, and aramid materials for specialty applications.

Insider Buying and Selling by Quarter for Steel Partners (NYSE:SPLP)

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